In The News

May 1, 2018 | American Banker

Dems seek to compel bank to hand over documents tied to Russia probe

Issues: Committee on Oversight and Government Reform

Democrats on the House Oversight Committee want to issue a subpoena to a Chicago bank that has refused to turn over documents related to its connection to the special counsel probe of the Trump campaign.

May 1, 2018 | Bloomberg

Dems seek subpoena of Chicago bank over Manafort loans

Issues: Committee on Oversight and Government Reform

Two Democratic lawmakers are pushing for the House Oversight Committee to issue a subpoena to force the Federal Savings Bank in Chicago to turn over documents related to its loans to former Trump campaign chairman Paul Manafort.

May 1, 2018 | New York Business Journal

Lawmakers want Chicago bank subpoenaed over Manafort loans

Issues: Committee on Oversight and Government Reform, National Security

The Federal Savings Bank in Chicago may be forced to turn over documents regarding loans to former Trump campaign chairman Paul Manafort. Reps. Elijah Cummings and Stephen Lynch are asking the House Oversight Committee to issue a subpoena to compel the bank to hand over records of the loans, according to Bloomberg. The House representatives put in their request to Rep. Trey Gowdy, a Republican and chairman of the House Oversight Committee, per the report.

Apr 25, 2018 | The Enterprise

Brockton gets the lead (paint) out

For the first time in five years, the city of Brockton is benefiting from lead paint abatement funds provided by the federal government, with the Brockton Redevelopment Authority administering $3 million, to remove the threat of lead paint from Brockton homes over the course of three years, said Mayor Bill Carpenter.

Apr 17, 2018 | Market Watch

Volcker rule is harmful to capital markets, Fed’s top regulator says

There is no question the Volcker rule, the controversial measure to prohibit banks from trading for their own accounts, has been harmful to capital markets, said Randal Quarles, the Fed’s vice chairman for financial supervision, on Tuesday. Rep. Stephen Lynch, a Democrat of Massachusetts, said he was worried by the Fed’s plans to “streamline” the rule.

Apr 14, 2018 | WCVB-TV

Boston protesters argue against Syrian airstrikes

Issues: National Security

Rep. Lynch talks to WCVB about President Donald Trump’s decision to order targeted airstrikes on Syria.

Apr 14, 2018 | 7 News Boston

New England lawmakers react to targeted airstrikes on Syria

Rep. Lynch talks to Channel 7 about President Donald Trump’s decision to order targeted airstrikes on Syria.

Apr 14, 2018 | ABC News

Democrats ask for records from Manafort lender who sought Secretary of Army job

Issues: Committee on Oversight and Government Reform, National Security

In a letter Thursday to Stephen Calk, head of The Federal Savings Bank in Chicago, Rep. Elijah Cummings, ranking member of the House Oversight Committee, and Rep. Stephen Lynch, ranking member of the National Security Subcommittee, requested documents related to a reported $16 million loan from Calk’s bank to Manafort.

Apr 13, 2018 | The Dallas Morning News

Trump's border deployment raises questions about cost and impact on military readiness

Issues: Committee on Oversight and Government Reform, National Security

The House National Security Subcommittee held a hearing on President Trump's deployment of the National Guard to the U.S./Mexico border on Thursday. Rep. Stephen Lynch of Massachusetts, the panel's top Democrat, said, "the deployment of our National Guard units to our Southwest border appears to be indefinite. It also appears to be largely undefined in terms of scope and cost."

Apr 12, 2018 | The New York Times (Reuters)

Banker asked about U.S. Army post before making Manafort loan -lawmakers

Issues: Committee on Oversight and Government Reform, National Security

Democratic lawmakers on Thursday questioned whether the head of a Chicago bank was seeking a favor from the incoming Trump administration when he inquired about the confirmation process for a top U.S. Army position before extending $16 million in loans to Trump's former campaign chairman.

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